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Tag Archives: ppi misselling

PPI misselling started in 1990s

Most people in Britain have heard of the missold Payment Protection Insurance (PPI) scandal, where thousands of consumers where sold insurance wrongly. However, the scandal is not a new problem, and though the media have raised its spotlight, the first problems actually can be traced back to the 1990s. In the 1990s PPI was a Read the full article…

FSA Issues New PPI Rules – 3 Million In Queue For Compensation

The FSA today issued new rules on how companies should take care of the flood of complaints concerning Payment Protection Insurance (PPI) which could result in almost 3 million people reclaiming more than 2bn in compensation from banks and other lenders. The Financial Ombudsman Service has received more than 2,000 complaints in last week alone Read the full article…